DAE remember people dismissing the original critical media coverage as being sexist and just trying to take down a successful woman in tech? Wonder if we'll hear any apologies to those authors..
Elizabeth Holmes found guilty
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Re: Elizabeth Holmes found guilty
#692Is 'Theranos' still copyrighted / trademarked, or can it be freely used now?
Who would want to use it?
Re: Elizabeth Holmes found guilty
#693This will sound weird but I am a collector of swag from large companies that have collapsed due to anything from mismanagement to outright fraud. While we're a rare breed there are others like me out there. Still, even with this oddly specific marketplace being small, let me tell you, the Theranos swag market is hot right now (check eBay if you're curious). Wish I had gone big on this one earlier, because I have a fe…
We still have a nice Webvan magnet on our fridge somewhere. Good times.
Re: Elizabeth Holmes found guilty
#694DAE remember people dismissing the original critical media coverage as being sexist and just trying to take down a successful woman in tech? Wonder if we'll hear any apologies to those authors..
Are you talking about twitter commenters or news organizations? Provide samples please.
Re: Elizabeth Holmes found guilty
#695Earlier quoted context omitted.
Who would want to use it?
See: https://news.ycombinator.com/item?id=29789279
Memorabilia is different from using the brand name. Like I don't imagine we will be seeing a Theranos brand being slapped on medicines anytime soon (or at least that is what I thought the parent comment was asking about).
That being said, I would hope the Theranos brand is sold and it assets liquidated to repay every person who had a fraudulent test result.
Re: Elizabeth Holmes found guilty
#696Earlier quoted context omitted.
Argh! The linked NPR article on that tweet had me yelling at my phone: > It is unusual for tech executives to face criminal changes when their startups collapse under the weight of unrealized promises. That's because it's not illegal to over promise about your future results. It is illegal to lie about simple facts regarding the present state of your business to attract funding. I'm so sick of so many press outlets f…
> No, Theranos was outright, egregious fraud, and most startups that "collapse under the weight of unrealized promises" are not committing fraud. Most startups don't get the traction and publicity that Theranos got, however. I wouldn't be surprised if a lot of founders would go to similar lengths given the chance; they just happen to have someone apply some reality check on them before things get out of hand.
There`s a difference. I worked in a few startups. We make promisses that we can expect to accomplish in the future, we where clear that whatever we where working was still a prototipe or a promissing idea, but it was not ready.
She was going to great lenghts, saying her machine was already ready to production, and able to do acurate blood tests, when she knew it was impossible, and was using regular blood tests to fake results.
Re: Elizabeth Holmes found guilty
#697Earlier quoted context omitted.
From former AUSA, and current white-collar defense attorney Ken White: "She faces a max of 65 years (3x20 + 1x5). And it's not at all clear she'll do less than 20." Apparently the sentences will not necessarily be served concurrently. https://twitter.com/Popehat/status/1478170494130003976?s=20
I hate Holmes as much as anyone [0], but life in prison (65 years when you're 37 = out when you're 102) sounds unreasonably harsh. She's not convicted of actually, physically harming anyone, esp. patients (which doesn't mean she didn't -- but she wasn't found guilty of that); she's convicted of lying to investors. That's obviously bad, and should carry some form of punishment. Maybe 5 years? But life?? That's insane.…
Personally, I find it desirable that people who commit massive fraud in the health care sector get punished severely (based on whatever charges they are actually convicted of), because chances are someone will actually be physically harmed even if that is hard to prove to a standard necessary for conviction (even if no actual harmful treatment resulted, which seems likely in this case, the misallocation of resources to the fraud means someone will likely be deprived of a treatment they would otherwise have received). So IMO 5 years would be insane -- Madoff got done for 10 years, and his fraud was much more benign (I suspect a very significant percentage of his victims knew the returns were to good to be true and that someone was being defrauded; they just didn't realize it was them).
Re: Elizabeth Holmes found guilty
#698DAE remember people dismissing the original critical media coverage as being sexist and just trying to take down a successful woman in tech? Wonder if we'll hear any apologies to those authors..
Are you talking about twitter commenters or news organizations? Provide samples please.
Re: Elizabeth Holmes found guilty
#699Re: Elizabeth Holmes found guilty
#700Could anybody explain why this is wire fraud and not normal fraud?
Wire fraud just means fraud committed using electronic communication. They presumably chose charges of wire fraud as they had evidence of her communications (texts, presentations, recordings) implicating her in fraud